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Promoting Sustainable and Responsible Business in Asia and the Pacific

The Role of Government

image of Promoting Sustainable and Responsible Business in Asia and the Pacific
This policy-oriented paper identifies initiatives that policy-makers in the Asia Pacific region should duly consider for promoting CSR practices, at both the regional and national levels, and spanning domestic SMEs to large MNEs. The initiatives are diverse in focus and scope, although there is one common denominator: virtually none can be enacted by government alone. Any initiative to promote sustainable and responsible business needs to be sustainable in itself, and that in turn necessitates the active engagement and tangible inputs of the business community.

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The role of supranational bodies in promoting and coordinating CSR activities by governments

A number of regional bodies have sought to promote the pursuit of sustainable and responsible business at the multi-country level. And as business becomes increasingly international in scope and regionally interlinked, with many firms now straddling multiple country (and continental) borders, the utility of pursuing CSR at the regional – as opposed to the national – level becomes more convincing. It should be noted that the activities of regional bodies in promoting and coordinating CSR activities are not exclusively conducted with governments, as they also work with other stakeholders, such as business associations and chambers, NGOs, independent stock exchanges, and other relevant members of civil society. But for the purposes of this paper, we will only review those activities undertaken with at least some degree of clear participation by governments.

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